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Metalworking (rec.crafts.metalworking) Discuss various aspects of working with metal, such as machining, welding, metal joining, screwing, casting, hardening/tempering, blacksmithing/forging, spinning and hammer work, sheet metal work. |
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#41
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OT - What Do Home Depot and Chrysler Have In Common?
Rod & Betty Jo wrote:
You still have not presented anything other than his well known low stock price appreciation.....Doubling sales and a more than doubling of profits and a healthy profit retail profit percentage is not by any rational definition a poorly run company...... Vs. Lowes... Apples to apples: http://www.thestreet.com/_mktwrm/s/reminder-nardelli-blew-it-at-home-depot/newsanalysis/maven/10372528.html?cm_ven=CBSM&cm_cat=FREE&cm_ite=NA |
#42
Posted to rec.woodworking,rec.crafts.metalworking
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OT - What Do Home Depot and Chrysler Have In Common?
On Aug 8, 6:24 am, "Rod & Betty Jo" wrote:
Too_Many_Tools wrote: Try looking at this comparsion between HD and Lowes.... http://www.usatoday.com/money/indust...-03-hd-nardell... It doesn't look like they were doing that good. And let us not forget that we have just finished the biggest building boom in decades....which would make even a poorly run company look good...for awhile. TMT You still have not presented anything other than his well known low stock price appreciation.....Doubling sales and a more than doubling of profits and a healthy profit retail profit percentage is not by any rational definition a poorly run company......I would suggest that the stock price had flown so high prior to his arrival that the market had eventually wised up and let the price catch up a bit with reality. One may note that Microsoft's stock price has languished as well for quite a few years and yet they have extreme profits, growth and market share. Whether you like, hate or detest HD or whether you think Nardelli is a over paid boob is obviously your prerogative or choice but it doesn't impact his actual job performance facts...... Rod Are you actually reading the link I posted? Where it compares Lowes and HD? Where it shows that Lowes was doing MUCH better than HD? His actual job performance pales in comparsion to his competition. You wouldn't have to be his mother would you? TMT |
#43
Posted to rec.woodworking,rec.crafts.metalworking
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OT - What Do Home Depot and Chrysler Have In Common?
"Rod & Betty Jo" wrote in message ...
B A R R Y wrote: Proctologically Violated©® wrote: I spoke to some big-whigs at HD who implied fukn Nardelli left HD in shambles. The financial press pretty much made that clear. Actually the stock price languished but gross sales and profits rose quite substantially, the actually fiscal health of the company improved during his tenure....does one properly fiscally judge a company by actual operations or investor exuberance (subject to change on a whim)? As a consumer one might rightfully complain about service, employees or even his salary but consumers kept buying and HD made more money under his leadership. Rod You can always make a company look good in the short term by cutting back longterm projects like research, and by cutting staff and forcing the rest to work stupid hours. Eventually the strain shows and the company suffers from lack of new products and excessive key staff turnover. Nardelli's way is to get out before that happens, trousering his performance bonus. |
#44
Posted to rec.woodworking,rec.crafts.metalworking
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OT - What Do Home Depot and Chrysler Have In Common?
"Too_Many_Tools" wrote in message oups.com... On Aug 7, 6:06 pm, "Rod & Betty Jo" wrote: B A R R Y wrote: Proctologically Violated©® wrote: I spoke to some big-whigs at HD who implied fukn Nardelli left HD in shambles. The financial press pretty much made that clear. Actually the stock price languished but gross sales and profits rose quite substantially, the actually fiscal health of the company improved during his tenure....does one properly fiscally judge a company by actual operations or investor exuberance (subject to change on a whim)? As a consumer one might rightfully complain about service, employees or even his salary but consumers kept buying and HD made more money under his leadership. Rod And yet another... http://www.businessweek.com/innovate...ng_robert.html "Picking Robert Nardelli to Save Chrysler Is The Most Bone-Headed Idea Of 2007." I don't know if it is the MOST bone-headed idea....I think Bush has the corner on that prize. There's Bush first and daylight second on that one. |
#45
Posted to rec.woodworking,rec.crafts.metalworking
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OT - What Do Home Depot and Chrysler Have In Common?
On Aug 8, 9:16 am, "Dave Gordon" d@p wrote:
"Rod & Betty Jo" wrote in ... B A R R Y wrote: Proctologically Violated©® wrote: I spoke to some big-whigs at HD who implied fukn Nardelli left HD in shambles. The financial press pretty much made that clear. Actually the stock price languished but gross sales and profits rose quite substantially, the actually fiscal health of the company improved during his tenure....does one properly fiscally judge a company by actual operations or investor exuberance (subject to change on a whim)? As a consumer one might rightfully complain about service, employees or even his salary but consumers kept buying and HD made more money under his leadership. Rod You can always make a company look good in the short term by cutting back longterm projects like research, and by cutting staff and forcing the rest to work stupid hours. Eventually the strain shows and the company suffers from lack of new products and excessive key staff turnover. Nardelli's way is to get out before that happens, trousering his performance bonus. You can always make a company look good in the short term by cutting back longterm projects like research, and by cutting staff and forcing the rest to work stupid hours. Eventually the strain shows and the company suffers from lack of new products and excessive key staff turnover. Nardelli's way is to get out before that happens, trousering his performance bonus. Exactly....and that has been the MO of the GE Yes Men under Welch. Ever track the performance of a company after these parasites move on after raping them for R&D and gutting staff? It takes years to rebuild them (if it happens at all)...it is always easier to destroy than to create. TMT |
#46
Posted to rec.woodworking,rec.crafts.metalworking
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OT - What Do Home Depot and Chrysler Have In Common?
On Tue, 07 Aug 2007 16:06:07 -0700, Rod & Betty Jo wrote:
B A R R Y wrote: Proctologically Violated©® wrote: I spoke to some big-whigs at HD who implied fukn Nardelli left HD in shambles. The financial press pretty much made that clear. Actually the stock price languished but gross sales and profits rose quite substantially, the actually fiscal health of the company improved during his tenure....does one properly fiscally judge a company by actual operations or investor exuberance (subject to change on a whim)? As a consumer one might rightfully complain about service, employees or even his salary but consumers kept buying and HD made more money under his leadership. Rod HD didn't make more money from retail. His "leadership" lead to the increasing competitiveness of Lowe's in geographical areas where HD originally had a complete lock-in on retail sales. HD stock peaked about the middle of 2004 and hasn't really gone anywhere since - actually a slight downward trend is present. So cosumers probably quit buying in the raw numbers that HD once saw. Their costumer support became characterized by willing (well sometimes) but ignorant lots who specialized in blank looks and ignorance. RIDGID, BTW, is generally associated with HD, but talking to their support leads to the conclusion that they wish they weren't. I need ed a new set if knives for my 13-inch plainer and ultimately had to go through a phone call to RIDGID support because the new numb-nuts approach to special orders and support at HD resulted in nothing but exclamations of ignorance. I would not be surprised to see RIDGID looking for some new distribution channels if HD stays the present course. J |
#47
Posted to rec.woodworking,rec.crafts.metalworking
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OT - What Do Home Depot and Chrysler Have In Common?
On Wed, 08 Aug 2007 07:37:15 -0400, B A R R Y wrote:
Rod & Betty Jo wrote: You still have not presented anything other than his well known low stock price appreciation.....Doubling sales and a more than doubling of profits and a healthy profit retail profit percentage is not by any rational definition a poorly run company...... Vs. Lowes... Apples to apples: http://www.thestreet.com/_mktwrm/s/reminder-nardelli-blew-it-at-home-depot/newsanalysis/maven/10372528.html?cm_ven=CBSM&cm_cat=FREE&cm_ite=NA One interesting point that appears in the article, but isn't commented on, is the name of the new owners of Chrysler - "Cerberus Capital Management". Cerberus is the three-headed dog that guards the gate to Hell in Greek myth. Could this be a clue as to where Chrysler is bound? J |
#48
Posted to rec.woodworking,rec.crafts.metalworking
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OT - What Do Home Depot and Chrysler Have In Common?
B A R R Y wrote:
Vs. Lowes... Apples to apples: http://www.thestreet.com/_mktwrm/s/r...FREE&cm_ite=NA That article didn't actually say anything new either,..... nor did it paint a accurate picture. In general to compare Lowes to HD you need operation numbers, my bone of contention in this thread is not share appreciation but rather actual company operation results....just comparing share price appreciation means little. Lowes was or is much smaller, has many more opportunities to move into unsaturated markets....in fact because it is so much smaller it is much easier to both raise sales and share price. Ever notice how often relatively "new" smaller companies will greatly exceed old or established companies on both share appreciation and sales growth? It does bear noting that they as well inevitably will stall and/or the share price will plummet.....inevitably the market will correct for its oft ill concieved exuberance. Rod |
#49
Posted to rec.woodworking,rec.crafts.metalworking
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OT - What Do Home Depot and Chrysler Have In Common?
Dave Gordon wrote:
You can always make a company look good in the short term by cutting back longterm projects like research, and by cutting staff and forcing the rest to work stupid hours. Eventually the strain shows and the company suffers from lack of new products and excessive key staff turnover. Nardelli's way is to get out before that happens, trousering his performance bonus. Has happened in business many times and will again however it does not apply to Nardelli....at all....... He had a very long, well respected career with GE http://www.msnbc.msn.com/id/20150129/ Welch said GE's power systems business was losing money and had trouble with unions before Nardelli took over and invested in products, cut costs and improved labor relations. Nardelli created joint ventures around Europe and efficient, environmentally sensitive power products at a time when the market demanded them, making power one of GE's most important businesses, Welch said. "He's a global thinker," Welch said. "He delivers." He as well in no way business wise slashed and burned HD.....sales more than doubled and profits increased even more. He left a very healthy company that we all love to hate....Incidentally retail operations are not well known for heavy long term research nor particularly developing new products. Nardelli did not receive a so called performance bonus either, remember the stock price languished, but rather the board offered a high salary to originally entice him and a high severance package to get rid of him...their choices not his. In fact if he had indeed done what you imply to whatever degree one can in a retail operation his stock price would have assuredly increased and the "business press" would be calling him a savior instead of a goat...they often do not respect anything other than short term share price appreciation.....at any cost. Ever notice how the market rewards companies that simply announce a massive layoff or have significant downsizing? Appropriately I think it should do just the opposite....Rod |
#50
Posted to rec.woodworking,rec.crafts.metalworking
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OT - What Do Home Depot and Chrysler Have In Common?
John wrote:
One interesting point that appears in the article, but isn't commented on, is the name of the new owners of Chrysler - "Cerberus Capital Management". Cerberus is the three-headed dog that guards the gate to Hell in Greek myth. Could this be a clue as to where Chrysler is bound? J I would'nt think the outside of the gate would need guarding. :-) ...lew... |
#51
Posted to rec.woodworking,rec.crafts.metalworking
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OT - What Do Home Depot and Chrysler Have In Common?
On Aug 8, 2:41 pm, John wrote:
On Tue, 07 Aug 2007 16:06:07 -0700, Rod & Betty Jo wrote: B A R R Y wrote: Proctologically Violated©® wrote: I spoke to some big-whigs at HD who implied fukn Nardelli left HD in shambles. The financial press pretty much made that clear. Actually the stock price languished but gross sales and profits rose quite substantially, the actually fiscal health of the company improved during his tenure....does one properly fiscally judge a company by actual operations or investor exuberance (subject to change on a whim)? As a consumer one might rightfully complain about service, employees or even his salary but consumers kept buying and HD made more money under his leadership. Rod HD didn't make more money from retail. His "leadership" lead to the increasing competitiveness of Lowe's in geographical areas where HD originally had a complete lock-in on retail sales. HD stock peaked about the middle of 2004 and hasn't really gone anywhere since - actually a slight downward trend is present. So cosumers probably quit buying in the raw numbers that HD once saw. Their costumer support became characterized by willing (well sometimes) but ignorant lots who specialized in blank looks and ignorance. RIDGID, BTW, is generally associated with HD, but talking to their support leads to the conclusion that they wish they weren't. I need ed a new set if knives for my 13-inch plainer and ultimately had to go through a phone call to RIDGID support because the new numb-nuts approach to special orders and support at HD resulted in nothing but exclamations of ignorance. I would not be surprised to see RIDGID looking for some new distribution channels if HD stays the present course. J Their costumer support became characterized by willing (well sometimes) but ignorant lots who specialized in blank looks and ignorance. You forgot to mention that the new help cost much less....much, much less. That has to happen to make up for the CEO bonus.....that money doesn't come from thin air. If anyone wants to impress me with the so called Welch magic they first need to hold the CEO to the same standard that the employees are held to. If you want to hire the rank and file employees for minimum wage, I will expect the CEO to work for the same type of wages. TMT |
#52
Posted to rec.woodworking,rec.crafts.metalworking
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OT - What Do Home Depot and Chrysler Have In Common?
Subject
Chrysler deserves the screwing they are going to get. Nardelli's idea of long range planning is, "What's for lunch?" Strictly a "slash and burn" approach. You notice GE didn't pick him to replace Welch. Lew |
#53
Posted to rec.woodworking,rec.crafts.metalworking
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OT - What Do Home Depot and Chrysler Have In Common?
On Aug 8, 6:40 pm, "Lew Hodgett" wrote:
Subject Chrysler deserves the screwing they are going to get. Nardelli's idea of long range planning is, "What's for lunch?" Strictly a "slash and burn" approach. You notice GE didn't pick him to replace Welch. Lew Nor has GE recovered from the Welch Effect. Nor has Jack since his exwife showed him who the real boss is. TMT |
#54
Posted to rec.woodworking,rec.crafts.metalworking
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OT - What Do Home Depot and Chrysler Have In Common?
"Too_Many_Tools" wrote Nor has GE recovered from the Welch Effect. GE today is worth about 2/3 of what it was when Welch left and that has only happened in the last quarter. Prior to that it was lucky to be worth 1/2 for the lat 5 years. Lew |
#55
Posted to rec.woodworking,rec.crafts.metalworking
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OT - What Do Home Depot and Chrysler Have In Common?
On Wed, 08 Aug 2007 19:51:44 -0000, John
wrote: On Wed, 08 Aug 2007 07:37:15 -0400, B A R R Y wrote: Rod & Betty Jo wrote: You still have not presented anything other than his well known low stock price appreciation.....Doubling sales and a more than doubling of profits and a healthy profit retail profit percentage is not by any rational definition a poorly run company...... Vs. Lowes... Apples to apples: http://www.thestreet.com/_mktwrm/s/reminder-nardelli-blew-it-at-home-depot/newsanalysis/maven/10372528.html?cm_ven=CBSM&cm_cat=FREE&cm_ite=NA One interesting point that appears in the article, but isn't commented on, is the name of the new owners of Chrysler - "Cerberus Capital Management". Cerberus is the three-headed dog that guards the gate to Hell in Greek myth. Could this be a clue as to where Chrysler is bound? J ========================= Cerberus is out to make money for its investors, lots of money and in a short time. This does not mean that Cerberus is immoral or criminal, just that its interests and those of Chrysler's employees and other stake holders such as the supplier, host communities, and the general public are diverging at a rapid and accelerating rate. Now that Chrysler has been take private, and the need to maintain and as possible increase the fictitious stock price and deal with naive investors has been removed, it is likely that Nardeli will be exactly what is required to maximize the discounted cash flow and IRR for Cerberus. The continued existence of Chrysler as a corporation may or may not maximize these returns. From the point of view of persons not employed by Chrysler nor its suppliers, the danger is the cascade of credit problems based on derivatives such as "credit swaps," (even if you have never owned a single share of chrysler stock or a single bond) and the transfer of a significant portion of Chrysler's retirement obligations for both income and medical care first to the remaining solvent companies and then to the general tax payers through the PBGC and Medicare. The retirees will simply lose the rest. IMNSHO Chrysler is now doomed to "crash and burn." The only question is how much collateral damage will be inflicted by this train wreck. |
#56
Posted to rec.woodworking,rec.crafts.metalworking
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OT - What Do Home Depot and Chrysler Have In Common?
Lew Hodgett wrote:
Subject Chrysler deserves the screwing they are going to get. Chrysler shareholders are the ones most likely to get screwed under a Nardelli watch. (Saying this as a 7+ year HD shareholder still waiting for it to recover to breakeven from its price 7 years ago). Nardelli's idea of long range planning is, "What's for lunch?" Strictly a "slash and burn" approach. Yeah, that approach works real well. I worked about a decade or so ago. You notice GE didn't pick him to replace Welch. Lew Yep, and ol' Jack wasn't exactly a "kumbayah" kind of guy himself. (Any company, that as a matter of policy believes it should have 5% of its workforce rated as "unsat" and headed for layoff isn't exactly a "people" place. -- If you're going to be dumb, you better be tough |
#57
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OT - What Do Home Depot and Chrysler Have In Common?
John wrote:
I would not be surprised to see RIDGID looking for some new distribution channels if HD stays the present course. It's a bummer that RIGID tools are orange. It would be a lot easier to shake the association without the orange. |
#58
Posted to rec.woodworking,rec.crafts.metalworking
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OT - What Do Home Depot and Chrysler Have In Common?
On Wed, 8 Aug 2007 19:43:41 -0700, Lew Hodgett wrote:
"Too_Many_Tools" wrote Nor has GE recovered from the Welch Effect. GE today is worth about 2/3 of what it was when Welch left and that has only happened in the last quarter. Prior to that it was lucky to be worth 1/2 for the lat 5 years. TMT doesn't let facts get in their way. GE stock was strong, then 9/11 happened, went into a slump for a while, and is now doing very well. At 40 now, I don't think it went below 28 or so though, so 3/4 rather than half, yes. Dave "got a bit of it...and a few years there" Hinz |
#59
Posted to rec.woodworking,rec.crafts.metalworking
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OT - What Do Home Depot and Chrysler Have In Common?
On Aug 9, 10:08 pm, Dave Hinz wrote:
On Wed, 8 Aug 2007 19:43:41 -0700, Lew Hodgett wrote: "Too_Many_Tools" wrote Nor has GE recovered from the Welch Effect. GE today is worth about 2/3 of what it was when Welch left and that has only happened in the last quarter. Prior to that it was lucky to be worth 1/2 for the lat 5 years. TMT doesn't let facts get in their way. GE stock was strong, then 9/11 happened, went into a slump for a while, and is now doing very well. At 40 now, I don't think it went below 28 or so though, so 3/4 rather than half, yes. Dave "got a bit of it...and a few years there" Hinz Yeah Dave is never biased...LOL. Did you notice Dave what happened to Jack at home when he tried to act like he did in GE...he had his butt handed to him. GE is a shadow of what it was because of Jack "The Joke" Welch. Any idiot can rape and pillage a company that took decades to build....such as Home Depot. TMT |
#60
Posted to rec.woodworking,rec.crafts.metalworking
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OT - What Do Home Depot and Chrysler Have In Common?
"Dave Hinz" wrote: TMT doesn't let facts get in their way. GE stock was strong, then 9/11 happened, went into a slump for a while, and is now doing very well. At 40 now, I don't think it went below 28 or so though, so 3/4 rather than half, yes. Actually it got down to the 20-22 range for a while. Lew |
#61
Posted to rec.woodworking,rec.crafts.metalworking
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OT - What Do Home Depot and Chrysler Have In Common?
On Thu, 9 Aug 2007 22:47:17 -0700, Lew Hodgett wrote:
"Dave Hinz" wrote: TMT doesn't let facts get in their way. GE stock was strong, then 9/11 happened, went into a slump for a while, and is now doing very well. At 40 now, I don't think it went below 28 or so though, so 3/4 rather than half, yes. Actually it got down to the 20-22 range for a while. Hmm. would you look at that. It's also worth noting that I left GE in 2002, came back in 2006. Which corresponds with the dip in stock price. Perhaps I should graph that out before my next performance review... |
#62
Posted to rec.woodworking,rec.crafts.metalworking
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OT - What Do Home Depot and Chrysler Have In Common?
On Aug 10, 7:35 pm, Dave Hinz wrote:
On Thu, 9 Aug 2007 22:47:17 -0700, Lew Hodgett wrote: "Dave Hinz" wrote: TMT doesn't let facts get in their way. GE stock was strong, then 9/11 happened, went into a slump for a while, and is now doing very well. At 40 now, I don't think it went below 28 or so though, so 3/4 rather than half, yes. Actually it got down to the 20-22 range for a while. Hmm. would you look at that. It's also worth noting that I left GE in 2002, came back in 2006. Which corresponds with the dip in stock price. Perhaps I should graph that out before my next performance review... A company man, are we? Naturally you would not be biased.,,LOL. And for the stock dip to occur when you rejoined GE...couldn't that be a reason to rate you in the bottom 5%? I have seen more outrageous reasons used. See...I know how to do performance reviews too....and use them to get rid of employees I don't like. The Welch Way sucks....and long term it guts a company of its experienced people. TMT |
#63
Posted to rec.crafts.metalworking
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OT - What Do Home Depot and Chrysler Have In Common?
"Joe Pfeiffer" wrote in message ... "Kate" writes: *I hate to say this, but I wish it DID have keyless entry and power windows. I damn near ran off the road once while rolling down the passenger window, nearly spilled my latte and smeared mascara all over my face. Not to mention, when I corrected I dropped my cell phone on the passenger floor and had to reach for it! Please, please, please: there's a standard convention for separating out your new text from the text you're quoting. It's been worked out over literally decades, and it works. It may not work as well your new way of doing it, but it works. Suddenly seeing a post that uses a brand-new (and, to an old-timer, completely counterintuitive) way of quoting makes your posts really hard to read. I thank for not top-posting, of course, but... please. (I'd have emailed this, but you're using an invalid email address in order to avoid spam) ------------- new text below ---------- Sorry Joe... I have posted for so long and in so many groups. Some don't care about top posts, some do. Generally it seems, these days, to be a personal preference. I understand how it can be confusing. Personally I prefer the top posts as it makes it so that one does not have to scroll through all of the old stuff to read the reply. No disrespect intended, as you can see by my humble position on the bottom of this reply *smile* I will try not to confuse you in the future, but I have to warn you... Some people were given the gift of dance, some of art, some of music. I swear to God in heaven, I was given the gift of confusion. Now, if I could only find a way to market it. Kate |
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